We enter any particular sector with a rolling 3-5 years view to earn minimum compounded returns of around 15%. So either it doubles in five years or if we are much better at catching the trend, then it would be compounding at 25% – which means doubling in 3 years.
Azad Engineering block deal: Nomura picks stake worth Rs 66 crore in this smallcap defence stock
Nomura acquired over 4.1 lakh shares in Azad Engineering for Rs 66 crore through a block deal at an 8% discount. Despite the investment, Azad’s